Spotlight Report

Three Truths of Tax Reform: Senate, House plans would spur growth, create jobs

posted on in Economic Growth & Development, Spending & Taxes
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•  The House and Senate tax bills now under discussion in the General Assembly would constitute fundamental tax reform, not just a (welcome) cut in state taxes for most households.
•  The impact of the House and Senate tax plans on future revenue growth will not prevent state government from funding core public services such as public schools and universities.
•  There is strong empirical support for the idea that reforming and reducing state taxes as the House and Senate propose will increase job creation and economic growth.

Spotlight 441 Three Truths of Tax Reform: Senate, House plans would spur growth, create jobs

John Hood is president of the John William Pope Foundation, a Raleigh-based grantmaker that supports public policy organizations, educational institutions, arts and cultural programs, and humanitarian relief in North Carolina and beyond. Hood is also chairman of the board at… ...

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We are North Carolina’s Most Trusted and Influential Source of Common Sense. The John Locke Foundation was created in 1990 as an independent, nonprofit think tank that would work “for truth, for freedom, and for the future of North Carolina.” The Foundation is named for John Locke (1632-1704), an English philosopher whose writings inspired Thomas Jefferson and the other Founders.

The John Locke Foundation is a 501(c)(3) research institute and is funded solely from voluntary contributions from individuals, corporations, and charitable foundations.